` Comparison: WBD, UMG - Alpha Spread

WBD
vs
UMG

Over the past 12 months, WBD has significantly outperformed UMG, delivering a return of +136% compared to the UMG's 11% drop.

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WBD
UMG
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Valuation Comparison

WBD Intrinsic Value
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UMG Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Warner Bros Discovery Inc
NASDAQ:WBD
29.53 USD
Universal Music Group NV
AEX:UMG
21.67 EUR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
WBD, UMG

WBD
UMG
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Warner Bros Discovery Inc
Revenue
Universal Music Group NV
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
WBD, UMG

WBD
UMG
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Warner Bros Discovery Inc
NASDAQ:WBD
Universal Music Group NV
AEX:UMG
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What is Free Cash Flow?

Gross Margin

WBD
44.9%
UMG
0%

Operating Margin

WBD
4.6%
UMG
32.8%

Net Margin

WBD
1.3%
UMG
37%

FCF Margin

WBD
10.9%
UMG
11.1%

ROE

WBD
1.4%
UMG
135.4%

ROA

WBD
0.5%
UMG
33.6%

ROIC

WBD
0.4%
UMG
47.3%

ROCE

WBD
2%
UMG
52.2%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
WBD, UMG

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Performance Gap
WBD, UMG

Performance Gap Between WBD and UMG
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Performance By Year
WBD, UMG

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WBD
UMG
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